Parish of Meltham Christ the King financial report for APCM
## Parish of Meltham Christ the King **Financial Report for Annual Parochial Church Meeting 1 May 2024**
This financial report is provided for the PCC of the Parish of Meltham Christ the King (the Parish) for their Annual Parochial Church Meeting (ACPM) to be held on 1 May 2024. It provides details of the receipts and payments associated with the Parish for 2023.
The Parish incorporates four churches – Christ Church, St Bartholomew’s, St James’, St Mary’s plus the Church Hall and Church House – the latter’s finances managed through St Bartholomew’s.
Receipts and payments are separated into unrestricted and restricted funds and this report comments on notable receipts and/or payments during the year.
Legacies of unrestricted funds received in 2021 provide a significant buffer but mask underlying pressure on operating income and costs. The PCC continues to pursue ways to put the Parish on a sustainable footing for the future.
Records have been independently examined by Stephen Hendy from Data Developments Ltd.
Ruth Murray-Webster Parish Treasurer
## **Independent Examiner’s report**
## **Accounts for the year ended 31[st] December 2023**
## **Respective responsibilities of the Trustees and the examiner**
The charity’s trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner’s statement**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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Parish of Meltham Christ the King financial report for APCM
## **Independent examiner’s statement**
In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:
Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 25[th] February 2023
Signed:
Stephen Hendy
## **Approval of accounts**
Revd John Dracup
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Parish of Meltham Christ the King financial report for APCM
## **Parish of Meltham, Christ the King Statement of Financial Activities For the period from 01 January 2023 to 31 December 2023**
||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total**
**funds**|**Prior year**
**total funds**|
|---|---|---|---|---|
|Income and endowments from:
Donations and legacies
Income from charitable activities
Investments
Other income|83,244.02
44,020.04
4,843.03
845.54|13,298.48
5,216.54
111.30
0.00|96,542.50
49,236.58
4,954.33
845.54|86,187.91
56,104.29
159.43
1,124.41|
|Total income|132,952.63|18,626.32|151,578.95|143,576.04|
|Expenditure on:
Raising funds
Expenditure on charitable activities
Other expenditure|1,360.30
132,350.35
3,221.16|0.00
23,642.70
0.00|1,360.30
155,993.05
3,221.16|2,666.32
179,174.17
2,951.67|
|Total expenditure|136,931.81|23,642.70|160,574.51|184,792.16|
|Net income / (expenditure) resources before trans|f
-3,979.18|-5,016.38|-8,995.56|-41,216.12|
|Transfers:
Net transfers between funds|0.00|0.00|0.00|0.00|
|Net movement in funds|-3,979.18|-5,016.38|-8,995.56|-41,216.12|
|Total funds brought forward|253,274.98|43,325.37|296,600.35|337,816.47|
|Total funds carried forward|249,295.80|38,308.99|287,604.79|296,600.35|
|Represented by
Unrestricted
General fund
Designated
Christ Church
Christ Church Development Fund
Church Hall
St Bartholomew's
St Bartholomew's Church Choir
St Bartholomew's Development Fund
St Batholomew's Womens Fellowship
St James'
St James' Development fund
St Mary's
St Mary's Development fund
Restricted
Christ Church Memorial Fund
Godfrey Beaumont
Church Hall Roof
St Bartholomew's Children's Work
St Bartholomew's Mums & Tots
St Bartholomew's Organ
St James' Children Overseas
St James' Grave Upkeep
St Mary's Organ Fund|1,434.25
3,153.24
14,062.47
27,096.64
17,718.60
3,397.71
123,072.10
1,034.57
25,319.57
6,817.18
9,011.30
17,178.17|569.16
29,857.57
1,288.11
391.52
170.00
3,587.00
2,445.63|1,434.25
3,153.24
14,062.47
27,096.64
17,718.60
3,397.71
123,072.10
1,034.57
25,319.57
6,817.18
9,011.30
17,178.17
569.16
29,857.57
1,288.11
391.52
170.00
3,587.00
0.00
0.00
2,445.63|4,242.14
1,192.20
14,062.47
21,471.51
19,985.09
4,045.94
124,461.79
595.17
19,072.75
16,993.18
9,759.57
17,393.17
569.16
33,856.50
1,332.76
391.52
170.00
4,547.00
38.75
50.00
2,369.68|
|Total Funds|249,295.80|38,308.99|287,604.79|296,600.35|
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Parish of Meltham Christ the King financial report for APCM
The Parish had £287,605 cash in the bank or in hand at 31 December 2023, of which £38,308 was restricted for specific purposes, see detailed breakdown below.
## **Parish of Meltham, Christ the King Retricted Fund movement summary Selected period: 01 January 2023 to 31 December 2023**
|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|
|---|---|---|---|---|---|
|
**Retricted Fund movement summary**||||||
|
**Selected period: 01 January 2023 to 31 December 2023**||||||
|||||||
|**Fund**|**Fund balances**|**Incoming**|**Outgoing**|**Transfers**|**Fund balances**|
||**brought forward**|**Resources**|**Resources**||**Carried forward**|
|Christ Church Memorial Fund|569.16||||569.16|
|Godfrey Beaumont|33,856.50|12,000.00|15,998.93||29,857.57|
|Church Hall Roof|1,332.76|35.35|80.00||1,288.11|
|Jigsaw Ministies|0.00|535.98|535.98||0.00|
|St Bartholomew's Children's Work|391.52||||391.52|
|St Bartholomew's Mums & Tots|170.00||||170.00|
|St Bartholomew's Organ|4,547.00|192.00|1,152.00||3,587.00|
|St James' Children Overseas|38.75||38.75||0.00|
|St James' CRISIS|0.00|5,216.54|5,216.54||0.00|
|St James' Grave Upkeep|50.00||50.00||0.00|
|St James' Mustard Seed|0.00|570.50|570.50||0.00|
|St Mary's Organ Fund|2,369.68|75.95|||2,445.63|
|Totals|43,325.37|18,626.32|23,642.70|0.00|38,308.99|
A more detailed analysis of income and expenditure is summarised on page 4.
## **Noteworthy points are:**
- Giving is largely as budgeted but is static. Growth in numbers and spiritual commitment has not yet realised greater giving.
- We have started using the Parish Giving Scheme as well as offering contactless options.
- We paid £64,728 Parish Share of the £81,346 bill (80%)
- Continued delays in progressing planned fabric schemes due to lack of people. These are budgeted again in 2024.
- Going forward we are alert to the pressures of higher utility bills, and the impact of cost of living on giving. Plans to conserve funds as far as possible by sharing spaces are in place.
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Parish of Meltham Christ the King financial report for APCM
|||||**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|**Parish of Meltham, Christ the King**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||**Analysis of income and expenditure**|||||||
|||
**Selected period: 01 January 2023 to 31 December 2023**||||||||
|||||||||||
|||||||||**Total**||
||||||**General**|**Designated**|**Restricted**|**This year**|**Last year**|
|**Income and endowments from:**||||||||||
|**Donations and legacies**||||||||||
||1001 - Gift aid giving||||4,571.50|43,198.60|410.00|48,180.10|51,617.86|
||1003 - Freewill Envelopes (non Gift Aid)||||-|2,656.00|-|2,656.00|380.00|
||1004 - Freewill Evelopes||||-|3,016.30|-|3,016.30|6,610.39|
||1010 - Donations||||541.11|2,606.04|535.98|3,683.13|5,128.42|
||1020 - Church collections||||-|6,815.02|-|6,815.02|4,166.47|
||1050 - Gift Aid Recovered||||2,000.95|16,409.72|160.50|18,571.17|12,288.49|
||1051 - GASDS||||-|1,212.27|-|1,212.27|962.59|
||1070 - Legacies||||-|0.00|12,000.00|12,000.00|200.00|
||1075 - Grant Income||||-|216.51|192.00|408.51|4,833.69|
|Donations and legacies Totals|||||7,113.56|76,130.46|13,298.48|96,542.50|86,187.91|
|**Income from charitable activities**||||||||||
||1045 - Fundraising||||-|7,351.55|5,216.54|12,568.09|14,825.19|
||1046 - Coffee Mornings||||-|1,008.48|-|1,008.48|1,008.70|
||1060 - Rent - Church Hall||||-|15,990.00|-|15,990.00|14,330.00|
||1061 - Rental Income - church house||||-|2,203.13|-|2,203.13|6,060.00|
||1063 - Rental Income - Other||||-|2,775.00|-|2,775.00|4,250.00|
||1080 - Fees - weddings etc||||2,123.95|10,934.00|-|13,057.95|13,582.25|
||1095 - Church magazine income||||1,613.33|20.60|-|1,633.93|1,528.15|
||1098 - Insurance Claims||||-|-|-|0.00|520.00|
|Income from charitable activities Totals|||||3,737.28|40,282.76|5,216.54|49,236.58|56,104.29|
|**Investments**||||||||||
||1030 - Interest received||||-|4,843.03|111.30|4,954.33|159.43|
|Investments Totals|||||0.00|4,843.03|111.30|4,954.33|159.43|
|**Other income**||||||||||
||1099 - Sundry Income||||-|845.54||845.54|1,124.41|
|Other income Totals|||||0.00|845.54|0.00|845.54|1,124.41|
|Income and endowments Grand totals|||||10,850.84|122,101.79|18,626.32|151,578.95|143,576.04|
|**Expenditure on:**||||||||||
|**Raising funds**||||||||||
||2016 - Fundraising costs|||||1,360.30|0.00|1,360.30|2,666.32|
|Raising funds Totals|||||0.00|1,360.30|0.00|1,360.30|2,666.32|
|**Expenditure on charitable activities**||||||||||
||2001 - Utilities||||-|14,472.96|-|14,472.96|12,731.22|
||2020 - Diocesan Parish Contribution||||37,906.56|26,821.50|-|64,728.06|66,995.00|
||2030 - Cost of Parish Magazine||||2,540.78|-|-|2,540.78|1,038.38|
||2040 - Maintenance, repairs and consumables||||120.00|7,284.26|9,545.29|16,949.55|21,087.35|
||2041 - Maintenance - church house||||-|492.00|-|492.00|356.00|
||2042 - Development Projects||||-|15,870.53|-|15,870.53|29,995.28|
||2045 - Cleaning Materials||||-|296.71|-|296.71|253.62|
||2050 - Upkeep of Churchyard||||-|1.13|44.50|45.63|272.69|
||2070 - Charitable Giving||||200.00|2,533.55|5,825.79|8,559.34|8,215.00|
||2071 - Mission & Outreach (including youthwork)||||161.95|188.75|2,795.38|3,146.08|5,949.41|
||2080 - Insurance||||9,746.87|-|-|9,746.87|9,451.55|
||2081 - Insurance - church house||||320.44|-|-|320.44|258.41|
||2085 - Office Expenses||||483.16|2.29|2,661.95|3,147.40|4,327.07|
||2086 - Books, Training and Course Fees||||-|-|-|0.00|460.00|
||2095 - Altar requisites, candles and other costs of
services||||347.36|73.23|1,651.14|2,071.73|2,849.59|
||2100 - Staff Costs - Organist / Choirmaster||||-|250.00|-|250.00|250.00|
||2101 - Staff Costs - Parish Administrator||||3,400.80|-|-|3,400.80|3,120.00|
||2102 - Staff Costs - Cleaner||||-|5,293.30|-|5,293.30|4,326.75|
||2103 - Staff Costs - Others||||2,003.45|-|-|2,003.45|3,297.25|
||2200 - Professional Fees||||854.40|684.37|1,118.65|2,657.42|3,939.60|
|Expenditure on charitable activities Totals|||||58,085.77|74,264.58|23,642.70|155,993.05|179,174.17|
|**Other expenditure**||||||||||
||2090 - Bank charges||||-|78.92|-|78.92|90.61|
||2099 - Sundry Expenditure||||28.00|3,114.24|-|3,142.24|2,861.06|
|Other expenditure Totals|||||28.00|3,193.16|0.00|3,221.16|2,951.67|
|Expenditure Grand totals|||||58,113.77|78,818.04|23,642.70|160,574.51|184,792.16|
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